Ellie has been working for an engineering firm and earning an annual salary of $80,000 . She decides to open her own engineering business. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Ellie will cover her start-up expenses by cashing in a $20,000 certificate of
deposit on which she was earning annual interest of $500 . Ellie's annual accounting costs will equal
a. $55,200.
b. $75,200.
c. $80,500.
d. $165,700.
a
You might also like to view...
The power of the contract and the ability to enforce contracts in the U.S. are, in part, responsible for the overall success of the U.S. economy
Indicate whether the statement is true or false
Let the production function be q=ALaKb. The function exhibits increasing returns to scale if
A) a + b = 1. B) a + b > 1. C) a + b < 1. D) Cannot be determined with the information given.
The marginal propensity to save is
a. the change in saving divided by the change in income. b. the change in income divided by the change in saving. c. saving divided by income. d. income divided by saving. e. saving divided by consumption.
Shortages are associated with price _______; surpluses are associated with price _______.
A. floors; ceilings B. ceilings; floors C. equilibrium; equilibrium D. None of these choices are correct.